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overtheedge
Member since May 2012
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Neighborhood Bully - America Recklessly Throws its Weight Around

- Peter Schiff - Euro Pacific Capital

"Arrogance breeds contempt. The more reckless the United States becomes in throwing its weight around, the greater the temptation will become for the rest of the world to jettison the dollar like an unwanted house guest. "

"Nothing prevents anyone from paying for oil in euros."
Or roubles, yuan, etc.

Back in the early 60's, a bully was taken down when some of his victims waited around a corner with baseball bats.
Although no bones were broken and complete physical recovery only took a few days, the bully's hegemony had been broken.
So shall go the USA's.
So the USA had better learn to play nice or it will get the bat crammed ... .
Bet on it!

Commented 3540 days ago

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Beginning of the headline :On June 30, U.S. authorities announced a stunning $9 billion fine on French bank BNP Paribas for violations of financial sanctions laws that the United States had imposed on Iran, Sudan and Cuba. In essence, BNP had surreptitiously conducted business with countries that the United States had sought to isolate diplomatically (sometimes unilaterally in the case of Cuba). Although BNP is not technically under the jurisdiction of American regulators, and the bank had apparently not broken any laws o... Read More

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